167.—(1) Part 3 of the Insolvency (Northern Ireland) Order 1989 (administration) as it has effect by virtue of—U.K.
(a)Article 4(1) of the Insolvency (Northern Ireland) Order 2005 M1 (special administration regimes), or
(b)Article 2(3) or (4) of the Insolvency (2005 Order) (Transitional Provisions and Savings) Order (Northern Ireland) 2006 M2 (other purposes),
(that is, without the amendments made by the Insolvency (Northern Ireland) Order 2005) is amended as follows.
(2) In Article 21(3), for paragraph (c) substitute—
“(c)the sanctioning under Part 26 of the Companies Act 2006 of a compromise or arrangement between the company and its creditors or members; and”.
(3) In Article 39(3)(a) for “Article 418 of the Companies Order” substitute “ Part 26 of the Companies Act 2006 ”.